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Loan Interest Rates

Druk PNB Bank is pleased to announce the revised lending rates based on Minimum Lending Rate (MLR) with effect from 07.04.2017, in accordance with the regulations issued by Royal Monetary Authority as under

Sl.

Loan Products

Tenor

Existing Rates (p.a)

Revised Rates (pa)

Years

Floating

Semi-Fixed

Fixed

Floating

Semi-Fixed

Fixed

6 Months

3 Years-Reset

Entire Tenor

12 Months

3 Years Rests

Review after 5 Years

1

AGRICULTURE

5

10%

-

13%

10%

-

11%

I

EDP/CGS

5

10%

-

12%

10%

10%

10%

ii

Working Capital

1

-

-

-

10.50%

-

-

2

PRODUCTION & MANUFACTURING

15

11.25%

12%

13%

I

Manufacturing Enterprises

15

-

-

-

11%

11.50%

12%

Ii

Mining & Quarrying

15

-

-

-

11.25%

12.00%

12.50%

Iii

Handicrafts & Textile Production

15

-

-

-

10.50%

10.75%

11%

Iv

Wood Based Products

15

-

-

-

10.50%

10.75%

11%

V

Others EDP

5

10%

-

12%

10%

10%

10%

Vi

EPC

1

11%

-

13%

11%

-

-

Vii

Working Capital

1

-

-

-

11.25%

-

-

Viii

Others(Transport)

5 (15)

-

-

-

11%

11.50%

12%

3

SERVICES

20

11%

11.50%

13%

I

Tourism

20

-

-

-

10%

10.50%

11%

Ii

Hotels & Restaurants

20

-

-

-

10.50%

10.75%

11%

Iii

ICT

20

-

-

-

10.50%

10.75%

11%

Iv

Consultancy Services

20

-

-

-

10%

10.50%

11%

V

Hospitality, Entertainment & Recreational Services

20

-

-

-

10.50%

10.75%

11.00%

Vi

Institutional/Educational Services

20

-

-

-

11%

11.50%

12%

Vii

Health Services & Traditional Medicines

20

-

-

-

11%

11.50%

12.%

Viii

Contract (non-construction)

3

12%

-

14%

11%

-

-

Ix

Contract (Construction)

3

-

-

-

12%

-

-

X

EDP/CGS

5

10%

-

12%

10%

10%

10%

Xi

Working Capital

1

-

-

-

11.50%

-

-

Xii

Others

15

-

-

-

11.50%

-

-

4

TRADE & COMMERCE

1

12.50%

-

13%

-

-

I

Retail

1

-

-

-

11.50%

-

-

Ii

Wholesale

1

-

-

-

11.50%

-

-

Iii

EPC

1

13%

-

13%

11%

-

-

Iv

Overdraft against Immovable Property.

1

-

-

-

11.50%

-

-

V

Others

1

-

-

-

12.50%

-

-

5

HOUSING

-

-

-

-

-

-

I

Home Loans

20

10.25%

10.50%

13%

9.75%

10%

11%

Ii

Commercial Loans

20

10.50%

11%

13%

10%

10.25%

11.25%

6

TRANSPORT

-

-

-

-

-

-

I

Heavy-Commercial

5

11%

-

13%

11%

-

-

Ii

Earth Moving Machinery/Equipments-(Commercial)

5

-

-

-

11%

-

-

Iii

Light (Commercial)

5

-

-

-

11%

-

-

Iv

Salary based to GE (Non-Commercial)

5

9.75%

-

13.00%

9.75%

-

-

V

Private & Others (Non-Commercial)

5

10.25%

-

13.00%

10.25%

-

-

Vi

Working Capital

1

-

-

-

11%

-

-

7

PERSONAL

-

-

-

I

Mortgage loan

5

11%

12%

13%

11%

-

-

Ii

Consumer loan (salary based)

5

9.50%

-

13%

9.50%

-

-

Iii

Others

5

14%

-

15%

14%

-

-

8

EDUCATION

5

11.50%

-

13%

11.50%

-

-

9

LOANS TO CORPORATIONS

I

Government Owned/Guaranteed ( > 50%)

5

-

-

-

9%

-

-

Ii

Government Owned/Guaranteed ( = or < 50% to 25%)

5

-

-

-

10%

-

-

10

LOAN TO FINANCIAL INSTITUTIONS

3

-

-

-

I

Banks

3

-

-

-

9%

-

-

Ii

Non-Banks

3

-

-

-

10%

-

-

Iii

Working Capital (for I &ii)

1

-

-

-

10%

-

-

11

OTHERS

I

Purchase Shares/Securities

10

11%

12%

13%

11%

11.50%

12%

Ii

Against Shares/Securities

10

11%

12%

13%

11%

11.50%

12%

Iii

Overdraft

1

11%

With the revision of the above rates reduced from 0.25% p.a. to 0.75% p.a on an average reduction of 0.50% p.a, will impact bank’s interest income for next 12 months by Nu.20.34 million. All other earlier terms remain same.